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Led by Silicon Badia, with participation from RZM Investment, Flat6Labs, and Saudi Angel Investors, this funding will fuel Roboost’s regional expansion ambitions.
Roboost has carved a niche with its game-changing SaaS solution and AI operations copilot.
The platform boasts a number of features like pre-delivery tech, precision auto-dispatching, and “smart routes” based on text addresses setting new standards in delivery automation.
The $3 million investment will fuel its expansion across the MENA region, capturing the vast potential of the delivery market.
Diversification is also on the horizon, with Roboost planning to venture into e-commerce and middle-mile solutions, offering tailor-made automation for businesses of all sizes.
Hossam Shafick, Investor at Silicon Badia, expressed his confidence:
“Our investment reflects our belief in Roboost’s vision and capabilities. We are thrilled to support their journey towards regional and global leadership.”
Roboost’s success story is a testament to the power of AI in revolutionizing logistics.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Ed Partners Africa, a Kenyan non-banking financial institution that specializes in providing loans to affordable private schools, has announced a $10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC).
Lucky ONE, an Egyptian fintech specializing in consumer credit, has successfully raised $3 million in a convertible bond funding round.
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has announced the launch of the ScaleUp Program, its inaugural cohort-based initiative for high-growth founders in East Africa.